The New Trend in the Encryption Circle: Inscription Craze

Recently, there has been a surge of interest in inscriptions within the cryptocurrency circle, which can only be described as "crazy." This trend has affected not only ordinary investors but even employees of some blockchain gaming companies. A company leader stated that employees are focusing on inscription trading, and some are even considering resigning to fully immerse themselves in it. This phenomenon was unimaginable just a few months ago when the blockchain gaming sector was still a highly regarded hot track.

The Uniqueness of Inscriptions

For users, inscriptions have three main characteristics: fair distribution, full liquidity, and extremely high investment return potential. For project parties, one significant advantage of inscriptions is that there is no clear project party on the surface, thereby reducing legal risks. However, with the prevalence of inscriptions among the Web3 user group, these characteristics are gradually being weakened.

1. The myth of fair distribution is fading. Early projects like Ordi may have maintained a certain level of fairness, but now inscription projects often have meticulously planned distribution strategies.

2. Full circulation has also been challenged. Some new projects have started to retain a portion of the supply for DeFi and GameFi staking.

3. The appeal of high returns still exists, but the risks are also increasing. The rise in gas fees has significantly increased the cost of participation, raising the possibility of losses.

4. The role of the project party has become ambiguous. Whether it is the advance deployment of robots or cooperation with over-the-counter traders, these actions make the claim of "no project party" untenable.

Sustainability of the Inscription Craze

Despite various challenges, the inscription craze is likely to continue. Compared to the previous ICO and NFT booms, the current speculation around inscriptions does not seem to have peaked yet. As a new asset class emerging in this bull market, inscriptions have many more stories to tell. Additionally, the old players in the cryptocurrency industry are motivated to maintain high gas fees, which may further drive the development of inscriptions.

Strategies for Investing in Inscriptions

For those interested in participating in inscription investment, here are some strategies for reference:

1. Look for innovative inscription projects, especially those that can play a practical role in Web3 applications.

2. Participate cautiously in the short term, focusing on projects that are likely to be listed on mainstream exchanges.

3. Pay attention to some established inscription projects, such as BRC20's OXBT and Deed, which may attract new capital influx.

Outlook on the Future of Inscription

Although the opportunities for getting rich quickly in the early days may no longer exist, there are still some lower-multiples investment opportunities. For example, when inscription projects are listed on mainstream exchanges, it often releases a large amount of liquidity, bringing new investment opportunities.

In the future, projects that can truly bring practical application value to inscriptions may stand out. Whether in DeFi, GameFi, or other fields, projects that can effectively integrate inscriptions into their economic or business models may become the next hotspots.

Overall, the inscription market is undergoing a transition from pure speculation to seeking substantial applications. Although high risks still exist, as the market matures, we may see more valuable innovations emerge in this field.